$SoFi Technologies Inc.(SOFI)$ Slow and steady truly does win the race. I hate when any of my stocks "pop" and leave a gap. More often than not, gaps do indeed refill. So I'm happy to see SoFi's gradual climb as I believe it's more sustainable. Good luck to all longs!
$Micron Technology(MU)$ $67 price target downgrade??AI is not dead yet, it's just getting started!O1-preview just came out today and it took far more computing power that GPT4.Micron CEO has talked about AGI that's human like intelligence.Micron does not deserve a $67 price target.Make me an analyst, I feel like this is a joke. I hope it doesn't come true, it took long enough to get here...
$Apple(AAPL)$Pretty hilarious to me that people see this price action and think "it wants to go up".Buffets out, September is the worst month historically, the buzz around next gen iphones is HISTORICALLY LOW, the consumer is slowing, and this inflated pig can barely keep above 220.I've literally never entered an easier trade than October puts. It's never been this easy.
$Broadcom(AVGO)$ Broadcom stock usually follows $NVIDIA Corp(NVDA)$ Nvidia's stock. If Nvidia stock goes up then so does Broadcom. However, even Nvidia's strong earning report couldn't help the situation so I didn't expect much drom Broadcom's stock even its earning report is impressive or not. IMO just hold it. The entire market is going down not the individual stock only. AVGO is a very good and solid individual stock to hold for long term. Another one I strongly recommend is Microsoft's stock.
$ARM Holdings Ltd(ARM)$ NVidia $NVIDIA Corp(NVDA)$ was going to pay 40 billion for it 2 years ago so thats probably the bottom of the line valuation. Even though the company doesn't really make a ton money, being able to control arm licensing would be a big deal, is that worth 112 billion dollars though. Probably not.
$SUPER MICRO COMPUTER INC(SMCI)$ Here’s my update: I was a holder all year, go out early with some damage from the report, been mostly short since, but closing shorts daily. Seeing a divergence in the Chaikin oscillator with price recently, not confirmed. Looking for my swing entry. I own a 432.50 call and a few 470/500 bear spread going into Tomorrow. The 20 ma at 451 is what I think holds this week unless some great news breaks
I would say $LI and other EV brands should be concerned with this trend. The best thing about this data is that NIO didn't reduce prices, they stopped giving free swaps, so what do you do if you're the competition? Suck it up for a long time while your bottom line gets wrecked due to unsustainable discounts. $Li Auto(LI)$$NIO Inc.(NIO)$